Bearish
Shiba Inu records 145.9 billion SHIB inflows as price retreats to $0.000005
On August 29, 2026, Shiba Inu (SHIB) experienced a net inflow of approximately 145.9 billion tokens into exchanges, indicating increased selling pressure. This movement coincided with a price decline, with SHIB retreating to the $0.000005 level. The earlier August rally, which saw SHIB rise from $0.0000044 on August 18 to $0.00000590 on August 21, was largely driven by a broader cryptocurrency market recovery rather than specific Shiba Inu catalysts.
Key points
- A net inflow of 145.9 billion SHIB tokens into exchanges on August 29 suggests heightened selling pressure.
- Following the inflows, SHIB's price retreated to the $0.000005 level, erasing recent gains.
- The August price increase was primarily due to a general cryptocurrency market rebound, not specific Shiba Inu developments.
Sources
- 145.9B SHIB Enters Exchanges as Price Retreats to $0.000005KuCoin · August 29, 2026
- Shiba Inu registra entradas de 145,9 mil millones de SHIB en los exchanges el 29 de agosto mientras el precio retrocedeGate News · August 29, 2026
- Shiba Inu Slips Below $0.0000053 as Exchange Inflows Climb and Shibarium TVL Drops 74%WalletInvestor.com · August 29, 2026
AI-generated from public news sources. Not financial advice.
